615 11th Ave This Single-Family Home located at 615 11th Avenue, Menlo Park CA. 615 11th Ave has 2 beds, 1 bath, and approximately 760 square feet. The property has a lot size of 5,227 sqft and was built in 1940. The average listing price for similar homes for sale is $3,337,532 and the average sales price for similar recently sold homes is $687,817. 615 11th Ave is in the Fair Oaks neighborhood in Menlo Park, CA.

That’s more like it. No permits, no picket fence, and plenty of pointing and yelling. Be sure to read the article for the Nazi Germany simile. Not too often that a news story gets Godwinned covering a permit issue.

Also the place is assessed for a whopping $44 grand, assuring the neighborhood that Harvey “Two Sheds” Blight isn’t going anywhere.

April 27, 2013

Welcome to the most difficult entry in the entire Blogging from A to Z Challenge. X is the letter that leads to cheats (like finding a house in FairfaX), tweet-style entries (X-treme anything), and words that are unrelated to the blog’s subject (wouldn’t you all like an entry on Xylophones? Hint: they’re supposed to be made of wood).

But no, we’re going to rise to this challenge properly, even if we have to go all the way back to 2010 to comply! It was either that or another one of our tl;dr essays on the subject of how odd Xenophobia looks to residents of the Real Bay Area. You can let us know whether we made the right choice with the property listings by speaking up in comments.

Charming remodeled 3 bedroom/ 2 full bathroom home, inspired by the California and Silicon Valley lifestyle, on a quiet cul-de-sac in a wonderful Menlo Park neighborhood. Notice the professionally designed xeriscape in the front yard that utilizes California native and drought resistant vegetation. Check out the no-mow front lawn (it is very cool). Hardwood floors, open beamed ceilings.

Yes, dear readers, our entry for today is Xeriscaping. Xeriscaping is landscaping with drought-resistant or desert-native plants. The point of xeriscaping is to conserve water and reduce yard waste, and it’s also one of those trendy terms we find on this parody site (of late neglected). And we’ve covered many a house with those kind of front yards! So now that we went back to 2010 to find the only use of the word in any Bay Area home listing anywhere (and they had to turn it into a fracking noun while they were at it), let’s come up with a more recent offering more suitable to the needs of the current home buyer.

This is an excellent opportunity for an investor or a large family. This house needs a little TLC and is located near schools, shopping and freeways. Thank-you for showing.

Xeriscaping without all the fuss, and no pretentious neighbors anywhere near this location, location, location to say you’re doing it wrong! Or to imply that it is not very cool. We apologize for the City-owned parking strip with greenery. Thank you for showing.

November 30, 2012

Let’s take a break from our Black Friday DEALS and see what a house can look like if you’re willing to spend more than what you find in your sofa cushions. Instead of scraping the bottom of the barrel, let’s see what you can get for a million and a half. Thanks very much to Petsmart Groomer for this magnificent Menlo Park megaplex!

Isn’t it nice to see a place for sale that doesn’t look like a crime scene? Don’t you just want to move in here? We just hope that Flood Park Area is just a neighborhood name and not a description, or worse, an order.

And for this price category, you should, and here you do get some decent real estate photography. (Although we think this house is slightly radioactive: look at the sky color change near the roof and especially the trees) Think about some of the places on the sale rack that were shot with a disposable.

Remember, you get what you pay for! And in this case it’s location, location, location!

Or should that be LOLcation? Guess that explains the chef’s kitchen w/custom cabs.

October 11, 2012

Menlo Park, like its nearby neighbors, is having a bit of a real estate run right now. Fortunately, some properties have that certain je ne sais pas that put them on our front page no matter how much Facebook employees want to buy a house. Today’s featured facade, foisted upon us by Burbed reader peninsula.man, punctuates this perfectly. Please proceed.

This spacious and newly remodeled home with 2170 sf is in immaculate move-in condition. Beautifully updated kitchen, baths, recessed lighting, crown moldings, dual-pane windows, and Cherry engineered hardwood floors. Secure front gate with professionally landscaped yard. A perfect home with great convenient location, ready and waiting for its new owner.

And here’s what the P-Man himself has to say about this place:

Can not wait to live next to pizza hut! for just over half a million

More like almost half again over half a million. You’ve been living on the Peninsula too long if $199,000 isn’t worth mentioning in a home price.

More importantly, these photos suggest that this not-quite-vintage-enough-to-qualify-for-the-old-house-tag listing has had a few upgrades put in recently. Very recently. Because let’s have a look at the last time this place went pending.

Someone had the cash, as the place went pending in eleven days. Now look what they did to it! This time it went pending in only seven days.

Whoops, according to Zillow it went pending in seven days after the $76,000 price reduction five weeks after the $50,000 price reduction which was a month after this place was first listed for an eye-popping $825,000.

Where the heck do they think they are, Mountain View? Bunus: House is not actually next to Pizza Hut.

You can clearly see there is a Quik-Stop in the way. Be sure to check out the Streetview so you can appreciate this location, location, location!

September 3, 2012

Are you working three jobs, or one job for 140 hours a week, just so you can become a Real Bay Area homeowner? This Labor Day, why not just win an RBA house instead? Burbed reader Divasm informs us of a charity raffle where this Menlo Park house is first prize. The raffle tickets are $150 each, and yes, there is a quantity discount.

First of all, does anyone know where this house actually is? All the raffle site would say was “Central Menlo Park” and “leisurely stroll to downtown.” Perhaps one of our readers recognizes this 2006 Georgian joint. Send it in and we’ll add more details about the home, but for now we’ll tell you it’s a 5 BR/5 BA and just under 5 thousand square feet (which means it missed it by that much on the ginormous tag) on a 10 thousand foot lot. Plus the mawbul kawlums!

Second, did you know if you buy a raffle ticket like this, even though it’s for a legitimate charity, it is not tax-deductable? To be more specific, it is not tax-deductable unless you actually win something. Then you can offset the prize income with what you spent on the raffle tickets.

And finally, in trying (unsuccessfully) to locate the house, we came upon this older SF Gate story about house raffles. It turns out that raffle prize homes are usually not claimed. Winners usually prefer money instead of the house, so the first prize is not usually owned by the charity. The actual owner usually leases it to the charity, with an option to buy should the winner prefer the house instead of the suitcase full of cash.

Why do winners prefer the money over the house? If the prize is worth more than $5,000, get ready to fork over 25% of its value to the IRS. So if you won this house, supposedly worth $4.1 million, you’d have an instant million dollar Federal tax bill before you can say “clear title.”

But wait, there’s more! Winning this house also means you’d have to pay closing costs. And property taxes. (That’s another $44,000, at least.) And they’ll probably stick you for the transfer tax as well.

Now what would you pay? Because if you don’t live in California, and you win a raffle like this from a California charity, then state income tax gets withheld off the top as well. You’re supposed to pay it even if you do live here, but it won’t be withheld up front if you’re already an RBA resident.

So maybe you’re thinking, “Hey wait, I’m sitting in this non-RBA underwater house! Why don’t I raffle it like these charities do?” Sorry. That’s illegal. Private owners and commercial enterprises cannot run raffles. Charities couldn’t either, until Prop 17 passed in 2000. And the charity must register the raffle with the Attorney General’s office.

Or maybe not. The article is 3 years old, and there aren’t any raffle registrations beyond 2010 on the AG’s site. With all those budget cuts, maybe you can get away with raffling your house after all!

And if not, enjoy your Labor Day. We’ll be back tomorrow with more ridiculous realty.

Update: Thanks to Burbed reader Petsmart Groomer, we now know where the house is! Thanks very much!

Facebook is finally acknowledging that its employees may be just a little bit concerned about the company’s plummeting stock.

According to The Wall Street Journal, Facebook CEO and cofounder Mark Zuckerberg admitted that the stock’s decline is “painful” to watch for some employees during a company-wide meeting earlier this month.

The meeting itself was reportedly part of a larger initiative to boost company morale. Zuckerberg had previously avoided talking about the stock with employees, preferring that everyone stay focused on their work, but in recent weeks, Facebook’s senior management started worrying that the stock’s poor performance might hurt employee performance.

Guess watching Facebook’s plummeting stock is just fine from the comfort of your own office. But don’t count on cashing in those options to buy yourself an RBA mansion. The employee lockup period is still in effect, but early investors are dumping shares now.

And the stock price is now well below the level at which most employees have been granted stock in the past 18 months.

This means that most current and former Facebook employees are worth far less than they were a few months ago.

Facebook’s stock crash is also hurting morale at the company, and damaging perception of the company’s business and brand. The impact is big enough that Facebook CEO Mark Zuckerberg, who has been crystal clear about his desire to ignore the stock price, admitted at a company meeting that the stock crash has been “painful” for everyone.

Here’s the important consideration from this more in-depth piece:

With the Facebook employee lock-up releases coming in October and November, this isn’t just an issue of morale and “paper net worth.” Current and former Facebook employees have been counting on the stock to buy things (houses, for example). So it’s a matter of near-term financial planning.

So, are home values dropping in Facebook-friendly commute zones? Let’s have a look. First, here are Redfin’s stats for Palo Alto home sales. The advantage of Palo Alto over Menlo Park is that there are very few questionable areas in the former.

You could look at the listing prices one of two ways. Either the 22% post-IPO listing per-square-foot increase was nothing but irrational exuberance, or Spring Bounce was unusually quick this year. If we exclude the May and June numbers, we could look at the chart as showing a slow climb for 2012. That’s if you ignore the 18% drop between mid-January and mid-February, though.

Altos Research’s Market Action Index agrees with this graph, showing a peak right at IPO time and falling back almost (but not quite) to 30, which is a balance between a buyers and a sellers environment. (31 indicates the ball is still in the sellers’ court. Mostly.) The MAI graph above is for Menlo Park, or ground zero for Facebook.

Unfortunately Zillow’s valuation tools are too laggy to show the post-IPO collapse, with the most recent valuation dated to June. We’re looking at Mountain View this time, which is no doubt polluted by the conflicting Google Effect.

How would you recommend we best demonstrate whether Facebook stock’s disappointing results are affecting the RBA housing market? What statistics would you recommend, and from where? One thing we’re seeing is fewer homes going into Double-Secret-Probation Pending-Do-Not-Show status where the listing photos get yanked until the home closes. And that’s good news for all fans of this site. Not only does a picture equal a thousand words, it also equates to many more thousands of dollars.

HIP Housing proposes deal with Menlo Park

The city of Menlo Park has its eye on a Willow Road apartment complex that might be purchased for use as below-market-rate rental housing — something that currently doesn’t exist in Menlo Park.

The 12-unit complex, located at 1157-1161 Willow Road, comes with a price tag of around $2 million, according to a representative from HIP Housing, a nonprofit organization that specializes in finding below-market-rate housing and hopes to partner with Menlo Park on the deal.HIP currently operates 13 rental properties in San Mateo County.

The Willow Road complex would rent nine units to people earning less than 50 percent of the regional median income of $81,300, and three units to those making less than 30 percent. Rent at the complex would fall in the range of $610 to $1,016, according to a staff presentation.

A real estate listing described the property as vacant and partially renovated; it also said the complex had won a renewable energy award for upgrades such as solar panels and efficient lighting. Laundry and parking are available on site.

The apartmentbuildings are not currently for sale (the first is pending, the second is merely delisted). They were built in 1958. If you want to dig deep into the offering memorandum for the two buildings, have a look at this PDF. And check out the pictures. Solar panels! Sweet!

Assuming the rental numbers are correct, that would give this complex a rent ratio of 10.26. BUY!!!!!!!! Then again, I’m not sure I trust these numbers. Notice something hinky here?

While Burbed has yet to amass a huge portfolio of investment property, even we can tell the difference between a 5 and a 50% vacancy rate. This is another great reminder of how Real Estate Professionals deserve those hefty commissions, whether commercial or residential.

Discuss this neighborhood, older apartment homes like these, BMR housing, any Open Houses you visited, or anything else you can think of. Yes, this is your weekend open thread.

March 9, 2012

Let’s finish out our workweek with a magnificent Menlo Park manse, courtesy of Burbed reader Moxie Girl. And fortunately, Moxie has enough to say about this luscious listing that she’s sitting in as today’s Guest Blogger.

So please give her a big, warm, Real Bay Area welcome and enjoy this Burbed Guest Post!

Fantastic like new 3BD/2.5BA for under $700,000 in Menlo Park. Spacious living area, hardwood floors, crown molding, new paint & carpets and beautiful kitchen wih granite counter top tiles, walk in pantry. Private yard with deck & grass area. Close to downtown. Price is right!

I found another gem. This one is based in Menlo Park, for which I have deep affection, having worked and briefly rented there for some years. But hold the train (literally), folks, here is an RBA winner. Now this is clearly a steal: RBA real estate in the highly desired downtown Menlo Park area, and such a bargain it’s priced for $699,950, which just squeaks by at $50 under $700,000. But how can this be, you ask? Surely nothing in the desirable 94025 zip code can be for sale for such a ridiculously low price! Au contraire, mon ami.

Now, the first glaring bit of information that is odd is the “unable to map” in the header line of the address. Clearly the real estate agent thinks savvy buyers are incapable of mapping the true address of this property.

Luckily for us, one of Redfin’s cracking real estate team does note from a tour last September that the property is literally next door to a PG&E power facility. AND, based on the Google map…within about 20 steps of Caltrain train tracks. That’s right. Southern view/bedroom window: power facility; eastern view/from front door: gravelly train tracks. So you’ll be humming and/or rattling to your heart’s content as you revel in the fact that you are now living in the sought-after 94025 zip code you always longed for.

Well played, “Eliz. Bianchini, Coldwell Banker-Woodside” (from Redfin listing). Can we really trust someone to publish correct information about a listing when she can’t be bothered to fully spell out her first name? Just wondering.

February 24, 2012

Today’s fantastic find has been brought to you by Burbed reader Pralay. Remember, if you find a listing that makes you wonder how some real estate agents could call themselves professionals, send it in! We’ll show it as much Real Bay Area love as we can.

There are some interesting properties in this area. Essentially it is a house in someone else’s backyard. I am not sure how the lot size be 10,822 sqft. It that *was* the lot size was divided into two? "Custom built", "Gourmet Kitchen", "Crown Molding", "Custom steel entry door" and most importantly "Sub zero refrig". Built in 2008. Too bad, the owner is not able to enjoy for little bit longer time, as he has to sell it to cash in "Facebook effect".

Wow, a 150 foot driveway! That means you get to drive past the house in the front yard. But the best way to check on how true the quarter acre lot claim is? Zillow.

Zillow makes it easy to click on every house in a neighborhood and quickly see the important numbers, including house and lot size. And that claimed property area looks reasonable, given what the surrounding measurements show. We’ve seen homes piled three deep on one lot while the agent claims every square foot of the original grounds. Alas, that didn’t happen here.

But all is not lost with this listing, despite the 10,000 foot lot size being completely legit. By going to the Zillow map, we also notice the lovely mansions right over the back fence, complete with Palo Alto address, Eastern division.

February 7, 2012

Are you all excited about the Facebook IPO? I know I am! Local used house salespeople are expecting to make out like bandits from all the Facebook money that will be snapping up nearby real estate! Here’s just one example of what Facebookers will be calling home.

Thanks very much to Burbed reader Wendie for this superb short sale in Menlo Park!

This is a Short Sale. Big home in Menlo Park’s Suburban Park neighborhood. Home is in great shape, has been remodeled, but needs some TLC. Paint and carpet and you should be good to go. Located next to the German School.

Here’s what Wendie had to say about this terrific opportunity!

Look at these photos of this house! The realtor could not bother to take the garbage out of any of the rooms? The realtor just went crazy snapping photos of every part of the house, clearly not caring about the crap spewn everyone! And the carpet on the staircase; yuck!!!!

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The posts on this weblog are provided "AS IS" with no warranties, and confer no rights. The opinions expressed herein are my own personal opinions and only represent the view of Burbed.com's editor. Comments are the views of commenters, not Burbed. If companies, properties, etc are mentioned on this blog, you should assume that I have a financial stake in them. Trust no one.